DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/3543d4/brazil_mining_repo) has announced the addition of the "Brazil Mining Report Q1 2012" report to their offering.
Domestic and foreign demand for mineral resources will spur a period of rapid growth in Brazil's mining sector, as investment exploits substantial untapped reserves. Iron ore will remain by far the primary driver of Brazilian mining growth, although base metals and gold will provide additional opportunities for sector development. Infrastructure investments in the run up to the World Cup and Olympics will allow more efficient and cost effective extraction and transport of mineral resources. BMI forecast that Brazil's mining industry will contract in 2012, primarily on the back of moderated iron ore prices. BMI expect the industry value to reach US$66.6bn in 2015, up from US$55.4bn in 2011. Driven by strong global demand for iron ore at home and abroad, BMI forecast average annual industry growth of 9.0% between 2011 and 2015.
The company's performance in 2011 supports their view that the iron ore is driving sector growth. While concerns remain over slowing Chinese economic growth, BMI expect China will be the largest importer of Brazilian iron ore for the foreseeable future. BMI forecast total iron ore output will reach 638.5mnt (mn tonnes) by 2015, as companies bring multiple large projects online. Average growth over their 2011-2015 forecast period is expected to be an impressive 11.6% year-on-year (y-o-y).
Vale's H111 iron ore production was 151.8mnt, a y-o-y increase of 4.7%, as it increased output from the Carajs mines in Brazil. As production at Carajs continues to ramp up, BMI expect Vale to produce 322mnt in 2011, 4.3% higher than 2010 levels. Iron ore will be the mainstay of the company's growth, with the Carajs Serra Sul mine in Brazil expected to reach 90mntpa (mn tonnes per annum) in 2014.
Companies Mentioned:
Alcoa Inc Jaguar Mining Mirabela Nickel Vale
For more information visit http://www.researchandmarkets.com/research/3543d4/brazil_mining_repo